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Posts by Hometown Insurance

Global Cyber Outage Grounds Flights, Hits Banks, Telecoms, Media

By Hometown Insurance | July 19, 2024
A software update wreaked havoc on computer systems globally on Friday, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare. An update to a product offered by global cyberscurity firm CrowdStrike appeared to be the …
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Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B

By Hometown Insurance | July 19, 2024
Allstate Corp. said it recorded pretax catastrophe losses of about $2.1 billion in the second quarter. The Northbrook, Illinois-based insurer on July 18 said the total included $230 million of pretax catastrophe losses for the month of June from 18 …
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Rain Helps First Responders Contain Forest Fire at New Jersey Military Base

By Hometown Insurance | July 19, 2024
BASS RIVER, N.J. (AP) — Heavy rain overnight helped firefighters gain more control over a forest fire burning at a military bombing range in southern New Jersey. Fire officials said Wednesday that half an inch (1.3 centimeters) of rain fell …
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Angola to Sell Stakes in Biggest Insurer, Standard Bank Unit

By Hometown Insurance | July 19, 2024
Angola will sell stakes in its largest insurer and in the local unit of Standard Bank Group Ltd. this year, as the oil-producing nation moves ahead with a privatization program to raise cash and diversify the economy. The disposal of …
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Two Oil Tankers Are Ablaze East of Singapore, Rescue Underway

By Hometown Insurance | July 19, 2024
Two oil tankers have been on fire since early Friday morning to the east of Singapore, according to a statement from the country’s Maritime and Port Authority. Hafnia Nile, a Singapore-flagged refined-products tanker, and Ceres I, a crude oil tanker …
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Severe Storms Pummel Large Swath of U.S.

By Hometown Insurance | July 19, 2024
LITTLE ROCK, Ark. (AP) — Another wave of severe storms pummeled a wide swath of the United States and Canada leading to flash floods and water rescues Wednesday in the Ozark Mountains, dropping a tornado that ravaged a community in …
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SolarWinds Beats Most of SEC Lawsuit Over Russia-Linked Cyberattack

By Hometown Insurance | July 19, 2024
A U.S. judge dismissed most of a Securities and Exchange Commission lawsuit accusing software company SolarWinds of defrauding investors by concealing its security weaknesses before and after a Russia-linked cyberattack targeting the U.S. government. U.S. District Judge Paul Engelmayer in …
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Insurers Settle With Hotel in Case of Woman Videotaped in the Shower

By Hometown Insurance | July 19, 2024
Four insurance companies, unable to escape a duty to defend a New York hotel where a young woman was secretly videotaped in the shower in 2015, have reached a settlement in the case that made headlines around the world. Citizens …
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Intense Heat Expected to Challenge Records in Pacific Northwest Over Weekend

By Hometown Insurance | July 19, 2024
Intense heat that has been baking parts of the interior Western U.S. is expected to expand into the Pacific Northwest in the coming days, raising the risk of heat-related illnesses and new wildfires, according to an AccuWeather media advisory. Forecasts …
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Pilot Dies After Small Plane Crashes Into River on Maryland’s Eastern Shore

By Hometown Insurance | July 19, 2024
EASTON, Md. (AP) — The pilot of a small plane died Tuesday morning after an engine failure caused the aircraft to crash into a river on Maryland’s Eastern Shore, authorities said. The twin-engine Cessna 402 crashed into the water near …
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